Massachusetts Financial Services Co. MA Acquires 3,483 Shares of S&P Global Inc. (NYSE:SPGI)

Massachusetts Financial Services Co. MA raised its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,510 shares of the business services provider's stock after buying an additional 3,483 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in S&P Global were worth $23,632,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new stake in S&P Global in the fourth quarter valued at $25,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global during the 4th quarter valued at about $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. grew its position in shares of S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after acquiring an additional 38 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in shares of S&P Global in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SPGI. Oppenheimer boosted their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Stifel Nicolaus dropped their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Bank of America began coverage on S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective on the stock. Robert W. Baird dropped their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company boosted their price objective on S&P Global from $627.00 to $632.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $596.79.

S&P Global Price Performance

Shares of SPGI traded down $0.84 during mid-day trading on Friday, reaching $524.52. The company had a trading volume of 1,333,204 shares, compared to its average volume of 1,222,370. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. The company's 50-day moving average is $517.59 and its 200-day moving average is $506.36. The company has a market capitalization of $160.87 billion, a P/E ratio of 41.20, a P/E/G ratio of 2.53 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $4.01 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's payout ratio is presently 30.16%.

Insider Activity

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president owned 5,131 shares of the company's stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.